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FU to Severance negotiation
Posted by: gabester
Date: April 27, 2022 01:53PM
Following up on [forums.macresource.com]

First I appreciate the insight and considerate responses offered by our MRFriends - thank you!

Second, I decided to send what some might call an ill-considered email to the head of HR, the company president and founders, and my management chain, detailing how pernicious their termination of my employment merely as a cost cutting measure was to the company and to me. I also detailed the impacts and asked for more stock vesting or compensation or them paying for COBRA coverage or job placement.

Someone from the HR chain reached out and while of course there's almost nothing more they can do, they had to make everyone a "fair" offer and they didn't do anything special for anyone, they can and are accelerating some stock vesting...

Unfortunately, looks like its value has plummeted since I was laid off, so it may very well be worthless by the time I'm actually able to do anything with it.



g=
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Re: FU to Severance negotiation
Posted by: anonymouse1
Date: April 27, 2022 01:58PM
So you're getting the cash and the vesting?

If so, that sounds like ya done good!
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Re: FU to Severance negotiation
Posted by: Acer
Date: April 27, 2022 02:01PM
Stock is not loss until you sell, it's actually a great time to get free shares. Everything is in the crapper right now.
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Re: FU to Severance negotiation
Posted by: gabester
Date: April 27, 2022 02:23PM
Quote
Acer
Stock is not loss until you sell...

You know I hadn't considered that even if they drop to $0 after I get them I can still take the loss on my taxes!



g=
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Re: FU to Severance negotiation
Posted by: Paul F.
Date: April 27, 2022 04:27PM
Quote
gabester
Quote
Acer
Stock is not loss until you sell...

You know I hadn't considered that even if they drop to $0 after I get them I can still take the loss on my taxes!

Do it right, and you can take that loss over multiple tax years...
What "right" is in this context, you'll have to ask your tax guy.



Paul F.
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A sword never kills anybody; it is a tool in the killer's hand. - Lucius Annaeus Seneca c. 5 BC - 65 AD
----
Good is the enemy of Excellent. Talent is not necessary for Excellence.
Persistence is necessary for Excellence. And Persistence is a Decision.

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Eureka, CA
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